The Recharge article ‘Accelerating’ global offshore wind market to hit 85GW by 2024 highlights our Global Market report for NORWEP.

It includes the following direct quotes from the report

  • “Recent competitive auction awards in Europe have been far below the previously accepted headline cost of energy target of €100/MWh. Now, the industry is targeting parity with European wholesale [electricity] prices for projects built in the mid-2020s”
  • “While experienced European developers, engineers and supply chain firms are the driving force behind the industry as it expands into new countries, Chinese developers and turbine manufacturers are strengthening their presence also in other markets than China, and the US supply industry is gathering momentum”

The production of the report was managed by Andy Strowbridge.

You can read the full article here: ‘Accelerating’ global offshore wind market to hit 85GW by 2024